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Hrachya is from Armenia. He needs a loan of $1,000 to purchase livestock.
Hrachya keeps cattle. However, he has struggled to expand his farm in recent years. This is why Hrachya has applied for a loan.
With the requested loan Hrachya plans to purchase livestock. Hrachya is dedicated to developing his cattle farm so he can provide a better life for his family. Hrachya lives together with his wife.
By expanding his cattle farm, Hrachya also hopes to provide employment for another family in his village.
The Agriculture business sector covers all farming and livestock activities. Some entrepreneurs request loans to help in securing supplies and equipment. Others want to buy more animals to breed or purchase feed and medicines. The majority of our loan clients live in rural communities where agriculture is already understood as a business model. It is for this reason that approximately 50% of our loans are in the agricultural sector.
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Thank you for empowering Hrachya Poghosyan with the opportunity to expand his farming and livestock business. With the $1,000 loan Hrachya was able to purchase livestock.
Hrachya is on his way to repaying his small business loan, as he makes weekly payments of $6. Thanks to the profits he has earned, Hrachya can afford to purchase food for the animals and purchase fertilizer.
Thank you for supporting hardworking entrepreneurs like Hrachya and World Vision Micro!
Thank you for supporting Hrachya Poghosyan's livestock business through World Vision Micro. Hrachya invested his small business loan of $1,000 to purchase livestock. He has made weekly payments of $6 and has now fully repaid his loan.
With the profits from his business, Hrachya decided to pay for transportation, provide healthcare and purchase food for the family. Hrachya's goal for the future is to earn enough so that he can expand the current business and repair or expand their home.
Thank you for providing Hrachya with hope and a future. These funds are now being recycled to support another hardworking entrepreneur in the same community.